XML 39 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Post Retirement Benefits
 6 Months Ended
Jun. 30, 2012
Compensation and Retirement Disclosure [Abstract]  
Post Retirement Benefits
Post Retirement Benefits
The components of expense for Core Molding Technologies’ post retirement benefit plans for the three and six months ended June 30, 2012 and 2011 are as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2012
 
2011
 
2012
 
2011
Pension expense:
 
 
 
 
 
 
 
Multi-employer plan contributions
$
117,000

 
$
110,000

 
$
229,000

 
$
204,000

Defined contribution plan contributions
127,000

 
125,000

 
301,000

 
290,000

Total pension expense
244,000

 
235,000

 
530,000

 
494,000

 
 
 
 
 
 
 
 
Health and life insurance:
 
 
 
 
 
 
 
Interest cost
91,000

 
132,000

 
182,000

 
265,000

Amortization of prior service costs
(124,000
)
 
(124,000
)
 
(248,000
)
 
(248,000
)
Amortization of net loss
40,000

 
55,000

 
79,000

 
110,000

Net periodic benefit cost
7,000

 
63,000

 
13,000

 
127,000

 
 
 
 
 
 
 
 
Total post retirement benefits expense
$
251,000

 
$
298,000

 
$
543,000

 
$
621,000


The Company made payments of $722,000 to pension plans and $505,000 for post retirement healthcare and life insurance during the six months ended June 30, 2012. For the remainder of 2012 the Company expects to make approximately $295,000 of pension plan payments. The Company also expects to make approximately $497,000 of post retirement healthcare and life insurance payments for the remainder of 2012, all of which are accrued at June 30, 2012.